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The Cottage, Cromwell Road PR2 - Image 1
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The Cottage, Cromwell Road PR2

North West

£325,000
Listed on 08/09/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1873 sqft

Description

This distinctive detached period property, known locally as The Cottage, offers a compelling opportunity for those looking to invest in a home with significant renovation potential. Originally constructed around 1870 and held by the same family since 1966, this residence is set on an expansive quarter-acre plot that boasts an elevated position with the promise of stunning open views. The property, while in need of modernization, retains its charming character and spacious layout. It features a generous lounge that provides glimpses of the rear garden, alongside a dining area that leads into a sunlit summer room. The main level hosts three well-proportioned bedrooms and a family bathroom, all presenting an opportunity to reimagine and refresh the living space. Additionally, the basement level enhances the home’s flexibility with an extra bedroom that includes its own entrance and shower ensuite, offering ideal conditions for use as a home office, guest suite, or potential annexe. The property's exterior is equally noteworthy, featuring a gated driveway, garage, and extensive gardens that are ripe for landscaping projects or personal touches. Located in Ribbleton, Preston, this property enjoys access to various local amenities including shops and schools. Its proximity to Preston city centre and major motorway routes (M6/M55) makes it convenient

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£174/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£225
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£421,537
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Monthly Sales
69
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 4.0%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PR2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Cottage, Cromwell Road PR2
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